Currency News

Germany’s producer prices drop the least since July 2023

Producer prices in Germany registered the smallest year-on-year drop since July 2023 in March, the latest data by the Federal Statistical Office showed. Prices went down 2.9% year-on-year in March, after a 4.1% slump in the prior month. March has been the ninth straight month of producer deflation, as prices of natural gas plummeted 15.4% […] Read more

Philadelphia factory activity strongest since April 2022

Manufacturing activity in Philadelphia in April has been the strongest since April 2022, the latest data showed. The Philadelphia Fed Manufacturing Index was reported at a reading of 15.5 in April, up from 3.2 in March. The latest figure was well above a consensus of analyst estimates of 1.5. The April reading has been the […] Read more

Spain posts smallest trade deficit since March 2023

Spain’s trade gap in February has been the smallest since March 2023, the latest data showed. The nation’s trade balance shortfall was reported at EUR 2.4 billion in February, compared to a deficit of EUR 2.5 billion in the same month of 2023. The country records consistent trade deficits because of high imports of fuel […] Read more

UK retail sales unexpectedly stall in March

Retail sales in the United Kingdom surprisingly registered zero growth in March over February after a 0.1% increase in the prior month, data by the Office for National Statistics showed. In comparison, market consensus had pointed to a 0.3% growth. In March, sales of automotive fuel went up 3.2%, while those at non-food stores rose […] Read more

Japan’s inflation eases to 2.7%, Yen up amid risk aversion

Annual consumer price inflation in Japan has slowed to 2.7% in March from a 3-month high of 2.8% in February, data by the Ministry of Internal Affairs & Communications showed. The actual figure came in line with market consensus. In March, prices moderated for transport (2.9% YoY versus 3% YoY in February), clothing (2% YoY […] Read more

Switzerland’s trade surplus expands in March

Switzerland reported a trade surplus in the amount of CHF 2.8 billion in March, compared to a revised up CHF 2.3 billion surplus in February. The nation’s total exports went down 0.6% month-over-month to CHF 21.1 billion, mostly because of lower shipments of jewelry (-37.2%), clocks (-1.5%), precision instruments (-1.5%) and food and beverages (-1.4%). […] Read more

Australia’s employment levels unexpectedly decrease in March

Employment in Australia surprisingly decreased by 6,600 to 14,259,900 in March following a revised up 117,600 growth in February, the latest data by the Australian Bureau of Statistics showed. Market consensus had pointed to employment growth of 7,200. The March figure marked the first decline in employment levels since December 2023. Part-time employment decreased by […] Read more

GBP/CHF gains as UK CPI adds to BoE cut prospects

The GBP/CHF currency pair registered modest gains on Wednesday, after touching an intraday high of 1.1372, as data showed UK consumer price inflation had eased to its lowest level since September 2021 in March. Annual CPI inflation slowed to 3.2% in March from 3.4% in February, while market consensus had pointed to a slowdown to […] Read more

South Africa inflation eases in March, Rand gains

Annual consumer price inflation in South Africa has eased to 5.3% in March from a four-month high of 5.6% in February, the latest data by Statistics South Africa showed. March has been the 10th consecutive month, when the annual inflation rate remains within the South African Reserve Bank’s target range of 3%-6%. In March, inflation […] Read more

EUR/GBP falls to 1-month low as UK inflation eases further

The EUR/GBP currency pair slipped to a fresh 1-month low on Wednesday, after data showed UK consumer price inflation had eased to its lowest level since September 2021 in March, adding to prospects of an interest rate cut by the Bank of England. Annual CPI inflation slowed to 3.2% in March from 3.4% in February, […] Read more